Royal Gold (RGLD) Hits 52-Week High: What's Driving the Stock?

Shares of Royal Gold, Inc. (RGLD) scaled a new 52-week high of $141.39 on Aug 23 before ending the session slightly lower at$141.15. The increase was fueled by rising gold prices and RGLD's solid secondquarter results. Royal Gold currently has a market capitalization of 9.28 billion and a Zacks Rank #3 (Hold). What's Aiding Royal Gold? Solid Q2 Results: RGLD reported adjusted earnings per share (EPS) of 1.25 in second-quarter 2024, beating the Zacks Consensus Estimate of $1.17. The bottom line increased ...